5846 Saratoga Drive
About This Property
The kitchen features a 6 burner gas range with grill and griddle, custom hood, black honed granite, custom white cabinetry with soft close drawers, large bar with microwave built-in, and a farm style apron sink. The kitchen is the heart of the home and this one centers around a large gathering space with gas fireplace and dining area. The kitchen offers an abundance of natural light and a nice exit to the back porch. The master bedroom is over sized with plenty of room to accommodate large furniture. You will be pleased when you see the two walk-in closets, and outstanding en suite master bathroom...this space is to die for! The separate vanities with granite counters, one even has a vanity section. There is a gorgeous freestanding tub situated in front of a HUGE walk in shower with multiple shower heads and bench.
The other 2 additional bedrooms have easy access to their own bathroom, both additional bathrooms feature tiled showers and /or tub with custom vanities, granite counters and upgraded lighting.
This home has many additional upgrades that are unmatched in this area to include: Central vac, crown molding throughout, plantation shutters and wood blinds, interior doors are solid (not hollow), all windows are Low E making the home cheaper to heat and cool, PEX plumbing, 2 - 13 Seer HVAC's, Tankless hot water heater, sprinkler system for front and rear yard, professional landscaping and over sized garage!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017